Ethereum: technical analysis

Current trend

ETH quotes started the week with a downward correction within the rising channel and are now testing the 137.50 the level of (Murrey [3/8], the middle line of Bollinger bands). It will be difficult to fall below it due to the large number of supports but in case of success, the “bearish” targets will be 129.00 (the bottom line of Bollinger bands) and 125.00 (Murrey [2/8]). The price reversal and the beginning of growth to the center of the Murrey trading range in the region of 150.00 ([4/8]) seem more likely.

Technical indicators do not give a clear signal. Bollinger bands are directed horizontally. The MACD histogram has stabilized in the positive zone. Stochastic is directed downwards.

Support and resistance

Resistance levels: 150.00, 156.25, 162.50.

Support levels: 137.50, 129.00, 125.00.


Trading tips

Long positions can be opened from the level of 141.50 with the target at 150.00 and stop loss in the area of ​​136.00.

Short positions can be opened by fixing the price around 135.00 with the targets at 129.00, 125.00 and stop loss 139.00.

Implementation period: 3–4 days.



Timeframe Intraday
Recommendation BUY STOP
Entry Point 141.50
Take Profit 150.00
Stop Loss 136.00
Key Levels 125.00, 129.00, 137.50, 150.00, 156.25, 162.50


Alternative scenario


Recommendation SELL STOP
Entry Point 135.00
Take Profit 129.00, 125.00
Stop Loss 139.00
Key Levels 125.00, 129.00, 137.50, 150.00, 156.25, 162.50

Add comment

Security code

© 2014-2018, Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange, or any kind of trading you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance. is an affiliate partner with various brokers and may be compensated for referred Traders. All reviews remain unbiased and objective and immediate action will be taken against any broker which is found to be in breach of regulation. These partnerships have proven to be great aids in the furthering communication between brokers and our visitors. Only the NFA regulated brokers featured on this site are available to U.S. customers. Forex